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Utility
Utility is the amount of satisfaction derived from the consumption of a commodity or service at a particular time. Utility is not inherent but a psychological satisfaction, i.e. depends on the individual's own subjective estimate of the amount of satisfaction to be obtained from the consumption of the commodity.
Q 3. What is Demand Forecasting? Explain in brief various methods of forecasting demand.
A firm in a perfectly competitive market invents a new situation of production that lowers its marginal costs. What happens to its output? What happens to the price it charges?
Indian industry has progressed a lot because of globalization. A lot of development has been seen in Indian industry.
Is Indian companies running a risk by not giving attention to cost cutting?n..
Let Consider the following (familiar) equation which estimates the number of hours of sleep / year that someone gets as a function of hours worked / year (total work), education (
Classification of oligipoly
what is profit planning?
how it is revalent?
Income Elasticity of different consumer goods Commodities Coefficient of income elasticity Impact on expenditure Necessities
How can a firm''s security policies contribute and relate to the six main business objectives.give example
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